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Gold ends lower, in retreat from their highest levels since 2013


Thursday, 29 August 2019 01:17 WIB

GOLDEMAS


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Gold futures turned lower on Wednesday, after the sharp rally in the past month to the highest levels since 2013, discouraged some potential buyers who are now waiting for a dip or some consolidation in prices in order to invest, analysts said.

Gold for December delivery on Comex fell $2.70, or 0.2%, to settle at $1,549.10 an ounce after settling at $1,551.80 on Tuesday, the highest finish for a most-active contract since April 2013, according to FactSet Data.

September silver added 16.5 cents, or 0.9%, to $18.318 an ounce. The more actively-traded December silver contract added 15.8 cents, or 0.9%, to end at $18.456—the highest finish for a most-active contract since April 2017.

Source: Marketwatch


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